Leclanché and Narada Power enter strategic partnership

The two energy storage solution companies have signed an agreement to enter into a strategic alliance, which will see Leclanché share its battery storage technologies with Zhejiang Narada Power Source, which will allow the two companies to manufacture the storage solutions at scale in China.

In an exciting time for energy storage, it comes as little surprise that companies active in different markets around the world are joining forces for multi-pronged appeal. This is what seems to have happened between Swiss vertically integrated energy storage solution company Leclanché and Chinese battery manufacturer Zhejiang Narada Power Source.

As part of the deal, Leclanché will license Narada to use its lithium-ion cell technologies, and will support the technology transfer to improve the price competitiveness of its product, and to them at scale. The two specific technologies in question are its lithium titanate (LTO) and high energy density graphite nickel manganese cobalt (G-NMC) storage technologies. In return, Narada will make a equity investment in Leclanché.

The real plus side of the deal for Leclanché is that the manufacturing of its technologies will be able to take place at the Narada facilities in Hangzhou, China. This will not only provide scale, but it will also drive the costs down, thus reducing the price of the products, which will enter multiple end-markets.

Sam Pothecary

Sam joined pv magazine in 2016, primarily to manage the magazine's online presence. As well as writing and editing articles for the daily news section, he reports on the global solar industry and climate policies for the magazine.More articles from Sam Pothecary